How the USS Midway Museum turned vision into legacy with long-standing support from Banc of California
Over two decades ago, a bold idea emerged: Transform a retired aircraft carrier into a floating museum and educational destination. Bringing that dream to life required more than community spirit — it required capital and belief. Banc of California stepped in early, providing the initial financing to bring the USS Midway to San Diego. Today, the museum honors service and sacrifice while preparing for its next chapter with the development of Freedom Park.
“We would not be where we are today without Banc of California taking that initial leap of faith to get us going as a museum.”
Terry Kraft
President and CEO, USS Midway Museum
Challenge
Establishing a world-class museum aboard an aircraft carrier came with challenges few had tackled before. It demanded creative logistics, sustained fundraising and deep community trust. Early on, the Midway team needed a financial partner willing to believe in potential, not just numbers. With the building of Freedom Park, a fully interactive space to honor veterans, now underway, the need for support has grown once again.
Solution
Banc of California provided the early financing needed to anchor the Midway in San Diego, but the relationship didn’t stop after the ribbon-cutting. The bank remains a committed supporter of Freedom Park, working closely with museum leadership to advance a project that reflects shared values: service, education and honoring veterans.
Results
What began as a leap of faith has become one of San Diego’s most iconic and most-visited destinations. The USS Midway Museum now welcomes millions of guests and operates with the support of more than 800 volunteers, many of them veterans. With the creation of Freedom Park, the museum continues to expand its mission to honor the region’s military history and share the stories of everyday heroes who have served our country. Banc of California has been part of that journey from the beginning, demonstrating the lasting impact of a true relationship.
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